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Discovering Three Undiscovered Gems In Canada

In This Article:

The Canadian stock market, like its U.S. counterpart, has recently experienced significant volatility, with sharp daily gains and losses creating a rollercoaster of investor sentiment. Despite the turbulence, the overall market change remains modest, underscoring the importance of maintaining perspective during pullbacks. In this environment, identifying promising small-cap stocks that can weather such fluctuations becomes crucial for investors seeking stability and growth potential.

Top 10 Undiscovered Gems With Strong Fundamentals In Canada

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

TWC Enterprises

6.74%

10.99%

25.68%

★★★★★★

Jaguar Mining

1.19%

5.49%

5.12%

★★★★★★

Taiga Building Products

NA

6.05%

10.50%

★★★★★★

Tenaz Energy

NA

33.64%

50.62%

★★★★★☆

Reconnaissance Energy Africa

NA

31.73%

-6.92%

★★★★★☆

Firan Technology Group

17.91%

3.75%

23.32%

★★★★★☆

Mako Mining

22.90%

38.12%

54.79%

★★★★★☆

Pizza Pizza Royalty

15.66%

3.64%

3.95%

★★★★☆☆

Queen's Road Capital Investment

7.20%

22.14%

22.20%

★★★★☆☆

Genesis Land Development

53.32%

25.58%

47.05%

★★★★☆☆

Click here to see the full list of 41 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

Let's uncover some gems from our specialized screener.

Lassonde Industries

Simply Wall St Value Rating: ★★★★★★

Overview: Lassonde Industries Inc., along with its subsidiaries, develops, manufactures, and markets a variety of ready-to-drink beverages, fruit-based snacks, and frozen juice concentrates across Canada, the United States, and internationally with a market cap of CA$1.18 billion.

Operations: Lassonde Industries generates revenue primarily from its non-alcoholic beverages segment, which reported CA$2.38 billion. The company's market cap stands at CA$1.18 billion.

Lassonde Industries, a prominent player in the Canadian food sector, reported impressive earnings growth of 53.4% over the past year, outpacing the industry average of 34.8%. The company's net debt to equity ratio stands at a satisfactory 14.4%, reflecting strong financial health with interest payments well covered by EBIT at 9.7x coverage. Recent expansions include a $53 million investment in their North Carolina facility, enhancing production and sustainability efforts while adding new jobs and boosting distribution capacity.

TSX:LAS.A Earnings and Revenue Growth as at Aug 2024
TSX:LAS.A Earnings and Revenue Growth as at Aug 2024

North West

Simply Wall St Value Rating: ★★★★★★

Overview: The North West Company Inc. operates retail stores providing food and everyday products and services to rural communities and urban neighborhoods in northern Canada, rural Alaska, the South Pacific, and the Caribbean, with a market cap of CA$2.13 billion.